Acadian Asset Management LLC Sells 7,933 Shares of Territorial Bancorp Inc. (NASDAQ:TBNK)

Acadian Asset Management LLC lowered its position in Territorial Bancorp Inc. (NASDAQ:TBNK) by 10.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 71,409 shares of the financial services provider’s stock after selling 7,933 shares during the quarter. Acadian Asset Management LLC owned about 0.81% of Territorial Bancorp worth $577,000 at the end of the most recent quarter.

Separately, International Assets Investment Management LLC increased its holdings in shares of Territorial Bancorp by 1,015.0% in the fourth quarter. International Assets Investment Management LLC now owns 36,795 shares of the financial services provider’s stock worth $410,000 after purchasing an additional 33,495 shares during the period. Institutional investors and hedge funds own 50.35% of the company’s stock.

Wall Street Analyst Weigh In

TBNK has been the topic of several research analyst reports. Keefe, Bruyette & Woods upped their price target on shares of Territorial Bancorp from $9.66 to $11.27 and gave the stock a “market perform” rating in a report on Wednesday, August 14th. StockNews.com initiated coverage on shares of Territorial Bancorp in a report on Tuesday. They issued a “hold” rating on the stock.

Territorial Bancorp Stock Up 0.7 %

TBNK opened at $9.92 on Wednesday. The stock has a market cap of $87.61 million, a PE ratio of 39.68 and a beta of 0.61. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.95. Territorial Bancorp Inc. has a 52 week low of $6.85 and a 52 week high of $11.64. The business’s fifty day simple moving average is $9.42 and its 200 day simple moving average is $8.44.

Territorial Bancorp (NASDAQ:TBNK) last released its earnings results on Friday, July 26th. The financial services provider reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.06). The firm had revenue of $8.90 million during the quarter, compared to the consensus estimate of $8.96 million. Territorial Bancorp had a negative net margin of 0.06% and a negative return on equity of 0.02%.

Territorial Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, August 9th were paid a $0.01 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $0.04 dividend on an annualized basis and a yield of 0.40%. Territorial Bancorp’s dividend payout ratio is presently 16.00%.

About Territorial Bancorp

Territorial Bancorp Inc operates as the holding company for Territorial Savings Bank that engages in the provision of various financial services to individuals, families, and businesses in the State of Hawaii. The company offers a range of deposit accounts, including passbook and statement savings, money market, commercial and regular checking, and Super NOW accounts, as well as certificates of deposit.